the masses to groan under serious economic strain. the masses to groan under serious economic strain.
Unarguably the decisions will force more medium and smalls-scale factories and shops to close down operations and the workers would lose their jobs. In addition to the removal of petroleum subsidies, the Nigerian government also implemented steep hikes in electricity tariffs in a bid to address the longstanding issues plaguing the power sector. The rationale behind the tariff hikes was essentially to attract private investment, improve infrastructure, and ultimately deliver more reliable electricity services to consumers.
Though these policies were ostensibly designed to promote fiscal sustainability and improve service delivery, their implementation has come at a very unfortunate cost to the average citizen. As Nigeria continues to grapple with these challenges, it is imperative that policymakers prioritize the needs of the people and implement measures to mitigate the adverse effects of these policies on the most vulnerable segments of the society.
Melinda French Gates has resigned as a co-chair of the Bill and Melinda Gates Foundation. Melinda Gates disclosed this on her X handle @melindagates, stating that her last day of work at the foundation would be June 7, 2024.
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